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  1. hakrjak

    How to Save Yourself in this Recession

    HOT! 
    The scary thing for me has been seeing so many people I know that have been hurt by this recession. I've lived through atleast 1 other recession in my life that I recall, but this is the first one that I can remember people I knew actually being impacted... The scarier thing is that it seems...
  2. hakrjak

    Effects of minimum wage increase?

    REAL ESTATE 
    Just a few years ago I could get a value meal at burger king for $5 bucks large sized with everything. Now the same meal costs me around $8. That's the direct impact of a minimum wage increase right there. The cost of goods & services rise, and it does absolutely no good to help the people...
  3. hakrjak

    AZ / Arizona Photo Radar - Get Out Of That Ticket!

    OFF-TOPIC 
    That's because you have to drive 200 miles to Walmart ;) haha - Hakrjak
  4. hakrjak

    AZ / Arizona Photo Radar - Get Out Of That Ticket!

    OFF-TOPIC 
    Man that seems unconstitutional... How can they issue a ticket when they can't even tell who was driving the car? - Hakrjak
  5. hakrjak

    This is going on my vision board, stunning property

    OFF-TOPIC 
    Well hey, if you're a global warming believer -- that is why you buy home owner's insurance for your beach house. - Hakrjak
  6. hakrjak

    This is going on my vision board, stunning property

    OFF-TOPIC 
    Yeh it's because a lot of people don't like to swim in the ocean. I know when we rented a beach house in Florida last year we got one with a pool, because the ocean was nasty down where we were staying. In Cancun we use the pool at the resort we stay at more than the ocean just because it's...
  7. hakrjak

    Anyone Accepting Riskier Tenants?

    REAL ESTATE 
    You said bleeding, I just took it up a notch ;) So you've got a sugar uh, person paying the bills huh? :) Well that sounds good then, what are you complaining about? Why not move some office equipment in there, and use it as the corporate offices for whatever company you are about to start...
  8. hakrjak

    2nd part of the plan...how to get to your dreams?

    Just wanted to give props for a great thread -- A+... I like Steve's original post about breaking it down. For me, since I'm in the SFR business so far, I break it down in chunks of $1000 cashflow per month, or $20k lump sums usually. If I want to make $1000 cashflow a month, I know that it...
  9. hakrjak

    This is going on my vision board, stunning property

    OFF-TOPIC 
    :smilielol::smilielol::smilielol::smilielol::smilielol::smilielol::smilielol::smilielol::smilielol::smilielol::smilielol::smilielol::smilielol::smilielol::smilielol::smilielol::smilielol::smilielol:
  10. hakrjak

    This is going on my vision board, stunning property

    OFF-TOPIC 
    It sneaks up on you a lot faster than you would think -- maintain our focus, and always remember that it's later than you think ;) - Hakrjak
  11. hakrjak

    Anyone Accepting Riskier Tenants?

    REAL ESTATE 
    I rent to higher risk candidates all the time, but they've got to atleast have a job with income to support the rent, otherwise why bother? Make sure you get a good deposit though, atleast 1 to 1.5 times the rent + $250 per pet. Can you move into the condo, or have you already bought...
  12. hakrjak

    The Fanny / Freddy 4 house rule...

    REAL ESTATE 
    Sounds good! Who are you hearing that from? I've seen some articles going around the net saying that they will raise the conforming loan limits soon, but nothing about the number of loans someone can have. - Hakrjak
  13. hakrjak

    I'm selling the Lambo...

    OFF-TOPIC 
    Call me crazy, but anything that complex probably has a higher chance of you dying in it than anything else. haha I prefer this personal aircraft: CIRRUS | SR20 Models Comes with a built in parachute if the shit hits the fan (Literally) while you are up there! haha - Hakrjak
  14. hakrjak

    The Fanny / Freddy 4 house rule...

    REAL ESTATE 
    Good referral... Maybe we should create a little knowledge-base of private lenders somewhere for ourselves. I've been googling like mad the last couple days and haven't found anything out there. - Hakrjak
  15. hakrjak

    Always get multiple bids....

    REAL ESTATE 
    hehe -- Just seems like an innevitable in this business. After working with tradesman for close to 10 yrs now, and being around that business a lot while a kid -- it seems like 90% of painters are alcoholics, maybe 80% of drywall guys, and 70% of roofers... haha ;) Hey I'm not their Mommy, if...
  16. hakrjak

    Las Vegas Real Estate Market....

    REAL ESTATE 
    Did houses during the great depression even come with electricity in them? haha Much less granite countertops, central AC, and a whole host of other bells and whistles? :) Just shows you that our market now is still driven by WANT, and not by NEED like it was 60-70 years ago. - Hakrjak
  17. hakrjak

    The Fanny / Freddy 4 house rule...

    REAL ESTATE 
    Yeh I could see that.. Because the majority of people who get behind either have some catastrophic problem (i.e. job loss, major medical bills, divorce, etc) or they are just irresponsible. A refi sure isn't going to help you get around thos types of issues. How many people have I seen over...
  18. hakrjak

    The Fanny / Freddy 4 house rule...

    REAL ESTATE 
    That is absolutely insane... I thought the government wanted to stem the tide of foreclosures, but this policy will surely just increase them!?! - Hakrjak
  19. hakrjak

    The Fanny / Freddy 4 house rule...

    REAL ESTATE 
    Ditto man -- I want to add some more rentals also, but without taking out bad loans. If you take out bad loans to finance your deals, you are just letting good money go right out the window each month. Your idea to refi into a portfolio loan might be a good one! I'll bet they'll more readily...
  20. hakrjak

    The Fanny / Freddy 4 house rule...

    REAL ESTATE 
    Now this is useful info... Please keep us informed! :) Speed +++ - Hakrjak

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